First Bank & Trust Grows Position in Marriott International, Inc. (NASDAQ:MAR)

First Bank & Trust lifted its holdings in shares of Marriott International, Inc. (NASDAQ:MAR) by 5.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,671 shares of the company’s stock after buying an additional 81 shares during the period. First Bank & Trust’s holdings in Marriott International were worth $422,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Roble Belko & Company Inc lifted its holdings in Marriott International by 845.5% in the first quarter. Roble Belko & Company Inc now owns 104 shares of the company’s stock valued at $26,000 after acquiring an additional 93 shares during the period. ORG Partners LLC raised its stake in shares of Marriott International by 72.6% in the fourth quarter. ORG Partners LLC now owns 126 shares of the company’s stock worth $29,000 after buying an additional 53 shares during the period. Keener Financial Planning LLC bought a new position in shares of Marriott International in the fourth quarter worth about $30,000. Anchor Investment Management LLC bought a new position in shares of Marriott International in the fourth quarter worth about $31,000. Finally, Wetzel Investment Advisors Inc. bought a new position in shares of Marriott International in the fourth quarter worth about $33,000. Institutional investors own 70.70% of the company’s stock.

Marriott International Price Performance

NASDAQ MAR opened at $241.77 on Friday. The stock has a market capitalization of $69.05 billion, a PE ratio of 24.95, a P/E/G ratio of 4.55 and a beta of 1.60. The business has a 50 day simple moving average of $237.41 and a two-hundred day simple moving average of $239.18. Marriott International, Inc. has a 1-year low of $177.10 and a 1-year high of $260.57.

Marriott International (NASDAQ:MAR) last announced its earnings results on Wednesday, May 1st. The company reported $2.13 EPS for the quarter, missing analysts’ consensus estimates of $2.17 by ($0.04). The company had revenue of $5.98 billion during the quarter, compared to analysts’ expectations of $5.95 billion. Marriott International had a negative return on equity of 376.88% and a net margin of 12.00%. Marriott International’s revenue for the quarter was up 6.4% compared to the same quarter last year. During the same quarter last year, the firm posted $2.09 EPS. On average, analysts anticipate that Marriott International, Inc. will post 9.55 EPS for the current fiscal year.

Marriott International Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, May 24th were issued a $0.63 dividend. This is a boost from Marriott International’s previous quarterly dividend of $0.52. The ex-dividend date was Thursday, May 23rd. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.04%. Marriott International’s payout ratio is 26.01%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on MAR. BMO Capital Markets raised their price objective on Marriott International from $235.00 to $240.00 and gave the stock a “market perform” rating in a research note on Thursday, May 2nd. Argus raised their price objective on Marriott International from $270.00 to $280.00 and gave the stock a “buy” rating in a research note on Tuesday, March 19th. Mizuho lifted their target price on Marriott International from $260.00 to $265.00 and gave the company a “neutral” rating in a research note on Thursday, May 2nd. Robert W. Baird lifted their target price on Marriott International from $248.00 to $250.00 and gave the company a “neutral” rating in a research note on Thursday, May 2nd. Finally, Susquehanna started coverage on Marriott International in a research note on Friday, June 21st. They set a “neutral” rating and a $255.00 target price on the stock. Twelve analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $242.19.

Marriott International Profile

Marriott International, Inc engages in operating, franchising, and licensing hotel, residential, timeshare, and other lodging properties worldwide. It operates its properties under the JW Marriott, The Ritz-Carlton, The Luxury Collection, W Hotels, St. Regis, EDITION, Bvlgari, Marriott Hotels, Sheraton, Westin, Autograph Collection, Renaissance Hotels, Le Méridien, Delta Hotels by Marriott, Tribute Portfolio, Gaylord Hotels, Design Hotels, Marriott Executive Apartments, Apartments by Marriott Bonvoy, Courtyard by Marriott, Fairfield by Marriott, Residence Inn by Marriott, SpringHill Suites by Marriott, Four Points by Sheraton, TownePlace Suites by Marriott, Aloft Hotels, AC Hotels by Marriott, Moxy Hotels, Element Hotels, Protea Hotels by Marriott, and City Express by Marriott brand names, as well as operates residences, timeshares, and yachts.